RTTNews | Nov 9, 2021 09:59AM EST

09:59 Tuesday, November 9, 2021 (RTTNews.com) - Shares of autonomous vehicle sensor and software company Luminar Technologies, Inc. (LAZR) are rising more than 17% in the morning trade on Tuesday after the company said its lidar solution has been selected to be part of the sensor suite in the NVIDIA DRIVE Hyperion autonomous vehicle reference platform.

This AI vehicle computing platform accelerates development of autonomous consumer vehicles with planned production starting in 2024.

The company announced this at the NVIDIA GTC conference.

"By offering automakers a qualified, complete sensor suite featuring Luminar's lidar solution, on top of NVIDIA's centralized high-performance compute and AI software, DRIVE Hyperion provides everything needed to develop production autonomous vehicles," Luminar said.

LAZR, currently at $20.53, has traded in the range of $10.11-$47.80 in the last 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3240872/luminar-zooms-on-deal-with-nvidia-to-provide-lidar-solution-for-autonomous-vehicle-platform.aspx)

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